other_side
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May 15, 2019, 04:31:47 PM |
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I don't think any exchange can guarantee 100% security, a lot of trust has been placed on binance and at the end it security was breached, the same thing can happen to kucoin.
A lot of fud has happened in the past time. However, Binance has been able to fix the problem by himself and not let it affect the user, which is what we should feel as a good exchange.
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mrdeposit
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May 16, 2019, 12:55:57 AM |
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I don't think any exchange can guarantee 100% security, a lot of trust has been placed on binance and at the end it security was breached, the same thing can happen to kucoin.
A lot of fud has happened in the past time. However, Binance has been able to fix the problem by himself and not let it affect the user, which is what we should feel as a good exchange. SAFU funds are used for recovering the consequences of the hack. It doesn't mean same thing that they will do the same things over and over again if the same hackers came back again.
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isen
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May 17, 2019, 01:20:51 PM |
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Kukoin still has an iron reputation, even after refuting those rumors about a fictitious physical disposition, the exchange did not exactly lose the trust of its customers.
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shushu9977
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September 02, 2019, 04:17:54 AM |
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It is very difficult to say that which exchange is safe or which exchange isn’t safe.Binance is a good exchange from beginning, though it has few problems recently. Kucoin is my favourite exchange and I use the exchange from more than two years.
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shadowdio
Sr. Member
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Activity: 1876
Merit: 289
Zawardo
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September 02, 2019, 05:21:11 AM |
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So do you think Kucoin is the safest exchange? we never know how hard is the security in that exchange, but kucoin is good alternative I guess...
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ancafe
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September 02, 2019, 05:39:59 AM |
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so far, I feel that binance mash is very worth with their exchanger. but, still, kucoin also has very good potential until now. for now, I feel that both are still very worth, I will use one of them when I need an exchanger.
it is true that binance was attacked by hackers, but because they are quite professional, they show responsibility to their users. however it all depends on our choice. we just need to think that nothing is safe on the internet.
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freedomgo
Legendary
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Activity: 3136
Merit: 1148
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September 02, 2019, 06:17:50 AM |
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So do you think Kucoin is the safest exchange? we never know how hard is the security in that exchange, but kucoin is good alternative I guess...
Kucoin may not be the safest, but this exchange was never been hack yet, therefore, even Binance is the biggest but they have weak system as they have been hacked once and those confidential information particularly the KYC information has been leaked lately. Now, this is up to the traders, Binance still gained more trust now compared to Kucoin as seen in the ranking in https://coinmarketcap.com/rankings/exchanges/. Actually there's a lot of exchange to choose from, don't just focus on limited number of exchanges, have some other alternatives, even if an exchange is small, it's alright as long as they have a strong internal control.
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aemma
Copper Member
Member
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Activity: 966
Merit: 14
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September 02, 2019, 06:49:04 AM |
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As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
All centralized exchanges aren't secured, that's the truth and Binance hack proved it. Also, what happened to Binance didn't in any slowed down or killed the exchange as seen in others, that is to show how solid the exchange is. However, Kucoin is a good exchange too and I have been using it for long, although it isn't fast and user-friendly like Binance, it's features are still good. Also, in both Kucoin and Binance, I don't keep my funds with them.
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Menawi12
Member
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Activity: 700
Merit: 10
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September 02, 2019, 07:08:48 AM |
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As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
Kucoin is a good exchanger but in my opinion Binance is still my first choice. Regarding the hacking incident, I think Binance has done a good thing by compensating for the loss of its customers and that in my opinion is not a problem anymore. When compared between KCS and BNB Coin, I think I would prefer BNB Coin because there is a product in the form of a DEX exchanger
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rdewilde
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September 02, 2019, 07:20:06 AM |
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As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
How many centralized exchanges have been hacked? How many came back stronger? You see, from the questions the evidence is clear that Binance is indeed a strong exchange which despite its hacking still came back and continued its activities. Despite its hack people are still using it and new projects are still going for IEO there. So I don't think there is anything wrong with trading in Binance exchange, but we should be careful of leaving funds there, not only Binance but all exchanges. Kucoin on the other hand is a good one too, including its revenue aspects etc, but in all ramifications it can't be compared to Binance.
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TheICE007
Full Member
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Activity: 646
Merit: 100
tozex.io
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September 02, 2019, 10:16:55 AM |
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KuCoin exchange is also a good exchange and can be seen as an alternative to binance exchange. I use KuCoin a lot but let's also know that the challenges faced by Binance can also happen to any exchange.
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guoyu78
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September 03, 2019, 04:00:11 PM |
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KuCoin exchange is also a good exchange and can be seen as an alternative to binance exchange. I use KuCoin a lot but let's also know that the challenges faced by Binance can also happen to any exchange.
You are correct for using that word alternative and not replacement because that is exactly how it is. Binance is still the best and I see no reason why anyone should stop using binance and move over to Kucoin permanently because binance has so many features that even the trader must have been used to that kucoin does not have. Kucoin is also a great exchange and we can only use it sometime for coins that we don’t see on Binance but for coin that are on Binance, absolutely no need for replacement. One thing that attracts people to Binance most is their low fee and their security even though it was at one point compromised but they have a better security update now that can guarantee any investor or trader a safe environment for trading.
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Xanxus024
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September 03, 2019, 05:19:04 PM |
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As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
Binance is the number one exchange that's why many traders and contributors want to list their tokens or coins in this exchange. In terms from the recent hack hackers attacked this big exchange because they know how huge money are involved. So what is the best thing to do? We need to always have a plan B. Once we meet up our target I suggest to full out your assets you have and store it in your safe wallet by that we can actually safe from the hackers.
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dearbesz1219
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September 03, 2019, 05:28:05 PM |
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Binance also shares profit with BNB holders, they are regularly burning BNB in value what they earned during the year. Also I wouldnt say that Kucoin is safer than Binance.
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Saydia
Jr. Member
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September 03, 2019, 05:32:50 PM |
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Binance also shares profit with BNB holders, they are regularly burning BNB in value what they earned during the year. Also I wouldnt say that Kucoin is safer than Binance.
Kucoin accrues dividends, the Binance does not. but so far the Binance has strong IEOs (except for the latter unfortunately)
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andreibi
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Practising Hebrew before visiting Israel
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September 03, 2019, 05:32:59 PM |
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The market will decide which will be the leading crypto exchange in volume. We don't need to speculate which is it. I'm sure every one of you wants liquidity and much volume. So far, Binance is still it.
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FLHippy
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September 03, 2019, 05:38:28 PM |
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I remember a time when KCS price dropped to 1USD because someone saw that Kucoin offices are empty . And now people are thinking about Kucoin as a new competition for Binance?
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matchi2011
Sr. Member
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Buy $BGL before it's too late!
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September 03, 2019, 05:38:31 PM |
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As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
Binance is the number one exchange that's why many traders and contributors want to list their tokens or coins in this exchange. In terms from the recent hack hackers attacked this big exchange because they know how huge money are involved. So what is the best thing to do? We need to always have a plan B. Once we meet up our target I suggest to full out your assets you have and store it in your safe wallet by that we can actually safe from the hackers. Always practice to have a good backup plans, if you are a big player who deals with huge amount of investment it's good to keep your assets inside your own safe wallets is far better than keeping it from any exchanges, having the full access securing your investment should be the first thing to do, as Kucoin or Binance are not safe to any possibility of being attack by those hackers around this industry.
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mr_random
Legendary
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Activity: 1330
Merit: 1001
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September 03, 2019, 05:41:28 PM |
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The market will decide which will be the leading crypto exchange in volume. We don't need to speculate which is it. I'm sure every one of you wants liquidity and much volume. So far, Binance is still it.
The price fluctuations will lead ti the stronger competition among the best known exchanges and the liquidity gaps will be filled in case of the mass adoption. The ordinary investors don't take into consideration the liquidity problems and the fake volume assumptions which can be a trap for the smart crypto investors.
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icekohl
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September 03, 2019, 05:45:56 PM |
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Yes, they have good trading fee and withdrawn fee, most secured platform, and the special is the dividend for KCS holders from trading fee. But the problem with them is trading volume. Many trading pair have low volume, and too many bots. Hope they will improve it in the future.
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